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    Property profile & analytics

    3 Industry Dr Palm Coast, FL 32137-5134

    • Industrial properties
    • 10,141 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0740711
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TimberCharms ® by Custom Engraved Products / Industrial Manufacturer / Production Facility
    • Custom Engraved Products / Big Box & Wholesale Store
    • Timber Charms ® / Industrial Manufacturer / Production Facility
    • Palm Coast Electric Inc. / Hardware & Home Improvement / Building Supply
    • Industry Drive Llc / Corporate Office

    Property Details for 3 Industry Dr

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    1.69 lot acres
    Property size
    10,141 SF
    Zone code
    IND-1
    Property type
    Industrial properties
    APN
    10-11-30-4937-00000-0080
    APU
    1011304937000000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $940,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,137,000
      Market price range: $1.14M - $1.79M
      AI Estimate
      $1,277,000
      Market price range: $1.28M - $2.60M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,390,000
      Current use
      RETAIL STORES
      $1,765,000
      Change: +27% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2691
    Latitude
    29.5565
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,078
    $0.00
    $490,000
    $490,000
    -
    $0.00
    $490,000
    $490,000

    Comparable in this City

    • Value Estimation by Request
      4,300 SF

      7 Market Pl Ct

      INDUSTRIAL (GENERAL) • 4,300 SF
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    • Value Estimation by Request
      285 SF

      102 Yacht Hbr Drcm21

      CONDOMINIUMS (INDUSTRIAL) • 285 SF
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      View Details
    • Value Estimation by Request
      629 SF

      102 Yacht Hbr Drcm25

      CONDOMINIUMS (INDUSTRIAL) • 629 SF
      102 Yacht Hbr Drcm25, Palm Coast, FL 32137-3429
      View Details
    • Value Estimation by Request
      81 SF

      102 Yacht Hbr Drcm19

      CONDOMINIUMS (INDUSTRIAL) • 81 SF
      102 Yacht Hbr Drcm19, Palm Coast, FL 32137-3429
      View Details
    • Value Estimation by Request
      1,000 SF

      15 Hargrove Ln, Unit 3B

      CONDOMINIUMS (INDUSTRIAL) • 1,000 SF
      15 Hargrove Ln, Palm Coast, FL 32137-5166
      View Details
    • Value Estimation by Request
      1,000 SF

      15 Hargrove Ln, Unit 3J

      CONDOMINIUMS (INDUSTRIAL) • 1,000 SF
      15 Hargrove Ln, Palm Coast, FL 32137-5166
      View Details

    Similar Nearby for Sale

    • $5,036,000
      Pending

      Palm Coast Industrial Property

      Industrial property available for sale in Palm Coast, Florida.
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    • $3,890,000
      20,000 SF

      New Industrial Building Investment

      Newly constructed, fully leased industrial building in Palm Coast, Florida.
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      1,000 SF

      Versatile Warehouse Space For Sale

      Commercial/industrial warehouse with office and bathroom, 1,000 square feet.
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      Palm Coast Industrial Investment Property

      48,754 SF building on 5 acres, leased to manufacturer.
      32 Hargrove Grade, Palm Coast, FL 32137
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    • $1,500,000
      9.32 Acres

      Development Land in Palm Coast, FL

      9.32-acre shovel-ready parcel approved for up to 74 multi-family units.
      London Dr, Palm Coast, FL 32137
      View Details
    • $88,000
      0.23 Acres

      Residential Land in Palm Coast

      Vacant lot in Palm Coast's desirable Palm Harbor neighborhood.
      124 Fenimore Ln, Palm Coast, FL 32137
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    Similar Nearby for Lease

    • $12 SF/Yr
      180,338 SF

      Palm Coast Industrial Sublease Space

      Industrial space for sublease in Palm Coast, Florida.
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    • Sponsored
      Contact for pricing

      FL, Palm Coast - Palm Coast Parkway

      Flexible workspace in FL, Palm Coast - Palm Coast Parkway
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      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 2, Palm Coast, FL 32137
      View Details
    • $11 SF/Yr
      16,000 SF

      Palm Coast Industrial Warehouse

      Two 8,000 SF Warehouses, Q1 2025
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      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 1, Palm Coast, FL 32137
      View Details
    • $14 SF/Yr
      4,212 SF

      Remodeled Office/Medical Building For Rent

      Remodeled office/medical building in prime location near Island Walk.
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      View Details
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    3 Industry Dr
    Palm Coast, FL 32137-5134
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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